Strategies for Reuse of Underutilized or Vacant Airport Facilities (2011) / Chapter Skim
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Pages 52-54
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50 CHAPTER FOURTEEN CONCLUSIONS This synthesis developed a series of case studies of vacant or underutilized aeronautical property at U.S. airports.
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VACATED PROPERTIES REQUIRE ADDITIONAL SOURCES OF OPERATING AND CAPITAL FUNDS Typically for airport-owned aeronautical facilities, capital budgets that replace obsolete structures such as passenger terminals include a budget for demolition of the older structures. Facilities that unexpectedly revert to the airport sponsor require unplanned expenditures for maintenance, renovation, marketing, and/or demolition.
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From page 54... ...
52 airport level. Further research is needed to calibrate the extent of the problem and to develop a risk management strategy that would help airports identify properties at risk and pursue an exit plan to reuse or dispose of the property.
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